TB ES Qu. 09-99 (Algo) Alfred, a one-third profits and capital... Using the following information from Afreds Year 1, Year 2, and Kear 3 Schedule X.1, calculue his tax basis the end of Yea 2 and Yea 3. Year 1: Ordinary business incone $ 10, 2aa Cash distribution quad$7,200 Alfred's share of partnership debt $85,200 Guaranteed payment $ (4,700) Nondeductible expense quad i (1,29 a) Tax-exenpt incone $1,400 Year 2: Ordinary business loss $(5,200) Cash contribution quad $ 10,260 Alfred's share of partnership debt $73,200 Guaranteed paynent $ 77,700 ) Nondeductible expense $(3,200) Tax-exenpt incone $ $ 1,70a Year 3: Ordinary business lass $(13,200) Alfred's share of partnership debt $58,200 Nondeductible expenses $(3,2 ab) Garanteed payaent $ 7,7 rea) Fsury